Isn't that why they were elected?

I thought President Obama was elected because he was supposedly more able and better equipped to "fix the economy," as though he was better with a wrench and a leaky faucet than McCain.
Nevertheless, according to Joe Biden, the administration "misread" how dire the economic situation was. Nevermind that all throughout the campaign Obama and Biden crowed that we hadn't seen as severe an economic situation since the Great Depression.
So evidently they are saying the situation was actually worse than the Great Depression, and that even Barack Obama, in his infinite wisdom, does not understand the economy or know how to fix it.
And now there is talk of even more "stimulus" spending.
Of course, I still maintain that Obama and his cohorts are intentionally dismantling the country's economic system in accordance with their radical agenda as acolytes of Saul Alinsky, but that is a discussion for another time.